Altria Group (MO)
Official siteCONSUMER DEFENSIVE • TOBACCO • NYSE
Market Cap: $114.34B
Last updated: Sep 01, 2026 at 5:00 PM ET
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Altria is the best performing stock in history, turning $1 into $2.7 million over 100 years ($143K adjusted for inflation). BUT "Past performance is no guarantee of future results." PM started working on iQOS is 2008 (the spin-off year). BTI is the world leader in vaping (though struggling with non-approved mods) and MO? It's RRP guidance is very disappointing. Management says its goal is 10% RRP revenue in 2028...33% lower than BTI's 2025 levels. PM is on track for 66% by 2030, so roughly 6X better than MO's target in 2028. MO's volume declines have accelerated to 11%, crushed by 10% to 11% price hikes and consumers who are inflation-scarred (not to mention FDA regulations that keep tightening). MO is NOT participating in heat sticks (the growth engine of nicotine) and its vaping brands are FDA approved (and vapers don't use them). Owning 20% of BUD isn't as helpful given that 46% of Americans don't drink. Even Cannabis is something that likely won't help MO (since older smokers don't smoke weed and cannabis users don't like big tobacco). Altria has never posted negative earnings growth (at least not for 20 years but I think ever). But in 2028 it's expected to post its first negative growth year (due to 11% volume declines being almost insurmountable). While 10% total returns are possible in the future, the risk of negative growth leading to a PE compression to 7.5, indicates a potential -5% CAGR inflation-adjusted 3 year return. BTI and PM are better alternatives.
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Frequently Asked Questions About MO
- What is MO's current dividend yield?
- Altria Group (MO) has a current dividend yield of 6.19%.
- Does MO pay dividends?
- Yes, Altria Group pays dividends with a current yield of 6.19%.
- What is MO's P/E ratio?
- Altria Group has a price-to-earnings (P/E) ratio of 12.34.
- What is MO's market cap?
- Altria Group (MO) has a market capitalization of $114.34B with a current stock price of $68.49.
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